Option Contract means a standardised contract the effect of which is that a person acquires the option—
Option Contract means a contract pursuant to which one party agrees to grant to the other party a right (but not an obligation) exercisable on or before an agreed future date or (as the case may be) on an agreed future date at the option of the party holding such right to acquire or (as the case may be) to dispose of an agreed commodity or an agreed quantity of an agreed commodity at an agreed price, in each case whether or not the relevant commodity is deliverable, and “Option” shall be construed accordingly;
Option Contract means a legally binding agreement wherein, upon the purchase of such contract, Client agrees, whether in consideration of payment to AFEX of a Premium or otherwise, that, on a specific date or range of dates in the future, Client has the right but not the obligation to purchase a specific amount of funds in one currency from AFEX and to sell a specific amount of funds in another currency to AFEX; or sell a specific amount of funds in one currency to AFEX and purchase a specific amount of funds in another currency from AFEX, subject to any other terms documented in the Confirmation.
Examples of Option Contract in a sentence
Argentex and the Client may agree that a particular Trigger Rate will apply to an Option Contract.
It is not directly related to whether the Option Contract is “in the money” or “out of the money”.
Foreign Exchange Contract: a legally binding transaction between the Client and Argentex providing for the purchase of, or option to purchase, an agreed amount in one currency by one party to such transaction in exchange for the sale by it of, or option to sell, an agreed amount in another currency to the other party to the transaction and includes a Forward Contract and an Option Contract.
Regardless of whether the Option Contract is in the money (ITM) or out of the money (OTM), the expiry date remains the same.
Any agreed Trigger Rate will apply during the Term of an Option Contract unless the Parties agree that a Window will apply to the Trigger Rate.
More Definitions of Option Contract
Option Contract or "Option" means a contract executed between one party (in this definition called the "first party") and another party (in this definition called the "second party") on any commodity, futures or options exchange under which:-
Option Contract means the form of contract of sale of real estate in respect of the Property annexed hereto and marked “Annexure C” or a substantially similar form to the contract attached with any amendments as required by law or otherwise;
Option Contract means, as the case may be, (a) an option contract or option as defined in HKFE Rules, and/or (b) an option contract as defined in or deemed or ascribed as such in the relevant Foreign Futures Laws and/or the relevant Foreign FE Rules and/or relevant Clearing Rules, and/or (c) a contract executed between one party (the "first party") and another party (the "second party") on any Exchange under which: -
Option Contract means a contract pursuant to which one party grants to the other party a right (but not the obligation), exercisable by the latter party on or before a specified date, to acquire or (as the case may be) to dispose of a specified quantity of a commodity or financial contract at an agreed price.
Option Contract means a contract for an option on the terms of (i) an exchange contract or (ii) a Listed Interest Rates Contract
Option Contract means any option to buy or sell any Commodity or any Futures Contract that is executed on or subject to the Rules of the Exchange.
Option Contract or “option” means a contract executed between one party (the “first party”) and another party (the “second party”) on any commodity, futures or options exchange under which: (a) the first party grants the second party the right, but not the obligation, or quantity of a commodity, from the first party at an agreed price on or before an agreed future date or on an agreed future date as the case may be and, in the event that the second party exercises his right to buy: (i) the first party is obliged to deliver the commodity at the agreed price; or (ii) the second party receives a payment referable to the amount (if any) by which the commodity is at the time of the exercise worth more than the agreed price, such payment being determined in accordance with the rules of the commodity, futures or options exchange in which the contract is made; or (b) the first party grants to the second party the right, but not the obligation, to sell an agreed commodity, or quantity of a commodity, to the first party at an agreed price on or before an agreed future date or on an agreed future date as the case may be and, in the event that the second party exercises his right to sell: (i) the first party is obliged to take delivery of the commodity at the agreed price; or (ii) the second party receives a payment referable to the amount (if any) by which the agreed price is worth more than the price of the commodity at the time of the exercise, such payment being determined in accordance with the rules of the commodity, futures or options exchange in which the contract is made; a contract falling within sub-paragraph (a) being a “Call Option” and a contract falling within sub-paragraph (b) being a “Put Option”;